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12-story, 150-unit affordable housing tower proposed for former Playhouse Theater site in Grand Central District

Summary by St. Pete Rising
The former Playhouse Theater and Morph Nightclub properties in St. Pete’s Grand Central District could soon be demolished for a new affordable housing tower near downtown St. Pete. Tampa-based affordable housing developer Blue Sky Communities has the 0.61-acre site at 1850 Central Avenue and 1833 1st Avenue South under contract for $6.25 million. The deal is expected to close in March 2027. Plans call for a 12-story, 150-unit affordable apartmen…
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St. Pete Rising broke the news on Wednesday, May 6, 2026.
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